Future Group has scaled down the operations of its e-commerce venture, Retail 3.0, and laid off 350-400 employees, Mint reported.

The Kishore Biyani-led Future Group carried layoffs in the last few months across roles in sales, product development, marketing and ground operations, the newspaper report added quoting former employees of the company aware of the development.

By 2019, Future Group decided to massively scale down its digital strategy due to the slowdown in retail spends and delays in proposed investments in the e-commerce venture, the report added.

First Published:Jan 20, 2020 9:20 AM IST